What is the new GST law on deposits for online gaming and how does it work?

The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax (GST) council's decision to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. Example: When a player deposits ₹100, 28% GST will be levied, and ₹78 will be credited to the Adda52 wallet. While calculating your PnL, the entire ₹100 will be considered as your investment.

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